Breaking: Stocks Pare Losses on WHO Coronavirus Comments

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© Reuters. © Reuters. – The World Health Organization declared the coronavirus a public health emergency Thursday, but stocks sharply pared losses as the WHO also expressed confidence in China’s ability to control it.

  • The WHO said the Wuhan coronavirus a .
  • “Let me be clear: this declaration is not a vote of no confidence in China,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said at a press conference. “On the contrary, WHO continues to have confidence in China’s capacity to control the outbreak.”
    • The , and fell on the initial report, but reversed and cut losses after the WHO backed China’s capacity to control it. The S&P which had been down about 0.7% in afternoon trading, was nearly flat.
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